Is China About to Go “Scorched Earth” on the US Dollar?

Monday, October 24, 2016 5:43

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China’s currency, the Chinese Yuan, remains pegged to the US Dollar. So when the US Dollar strengthens, the Chinese Yuan strengthens to. For an economy as rife with garbage debt as China (shadow banking debt is over 200% of GDP), this is a DISASTER. With that in mind, consider that